Thinking about getting a reverse mortgage? In many ways, this type of loan is quite different from other types of loans you’re probably familiar with. To get the details of how it works, check out our article, “How does a reverse mortgage work?” The short version is a reverse mortgage is a form of loan…
As you get older, it can be difficult to maintain the same standard of living you had in your younger years. A big reason for this is that, for many seniors, their monthly income is much lower than it was when you were working full-time. Reverse mortgages are one option that many people of retirement…
Many of us dream of one day owning our own home. For some, even better than owning one home would be to own a second home – perhaps for a vacation house or simply to own extra property to rent out. However, financing one house is not easy, let alone two of them. To qualify…
As we grow older, we need to buy things and properties that will be useful to our daily lives. Some of the most significant investments we make are in houses and cars. Compared to a home, a car may not seem like too significant of a purchase, but it still costs a great deal of…
When you apply for a mortgage loan, the lender will look at your debts and income to see if you qualify. You will be required to declare all current sources of income, including salary, business income, investment income, and other sources of income. You must also report any debts that you are currently paying. The…